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<p>[QUOTE="doug444, post: 1610519, member: 38849"]There is NO way out. It is mathematically impossible to pay off the national debt, and you could raise the marginal tax rates to 100% and would still have an annual budget deficit into the foreseeable future. Got PM?</p><p><br /></p><p>Remember " 26% " annual inflation, because 26% inflation for three years in a row yields a <u>doubling</u> of price levels.</p><p><br /></p><p>1.26^3 = 2.000[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1610519, member: 38849"]There is NO way out. It is mathematically impossible to pay off the national debt, and you could raise the marginal tax rates to 100% and would still have an annual budget deficit into the foreseeable future. Got PM? Remember " 26% " annual inflation, because 26% inflation for three years in a row yields a [U]doubling[/U] of price levels. 1.26^3 = 2.000[/QUOTE]
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